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UEMOA financial market: Mali raises 30.341 billion FCFA

05/05/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Following a simultaneous auction of 182-day Treasury Bonds (BAT) and 3- and 5-year equivalent Treasury Bonds (OAT), the State of Mali raised on the UEMOA financial market on Wednesday, May 3, 2023, an amount of 30.341 billion FCFA. This was in order to ensure that the financing needs of its budget were covered.

The issuer auctioned 30 billion FCFA. In return, he received global submissions from investors of 30.393 billion FCFA, representing a coverage rate of 101.31% of the amount put up for auction. The amount of applications rejected was 51.5 million (mainly 3-year OATs), representing an absorption rate of 99.83%. And the amount retained amounts to 30.341 billion (taken at the level of 5-year bonds and bonds). Investors whose bids were successful will end up with a weighted average return of 7.46% for bonds and 7.64% for 5-year bonds

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